Senator Gary Peters (D-MI) spoke with Cheddar about sexual assault allegations against his Democratic colleague Senator Al Franken. He said he supports and investigation by the Ethics Committee into the incident.
Moments after the House Republicans passed its version of a tax reform bill, the Michigan Senator gave us his thoughts on the plan. He worries about the debt younger generations will inherit if the House or Senate versions of the bill make it to President Trump's desk.
Senator Peters also believes the autonomous vehicles will cause a technology revolution, similar to the assembly line. He is working on legislation to advance testing and development of self-driving car.
Public-radio platforms PRX and PRI are merging to capitalize on the growing appetite for podcasts. Kerri Hoffman, the CEO of Public Radio Exchange, tells Cheddar she wants the work of her producers to be heard."There are lots of podcasts," she said. "It's really important that we create lily pads along the way that help people get more successful."
Amazon's reported interest in Landmark Theaters may not only be about about showing the streaming giant's films, says Larry Dignan, editor-in-chief of ZDNet. It's likely a retail play by Amazon, the e-commerce giant, he says. "Remember, whatever Amazon does has everything to do with Prime subscriptions."
The outspoken CEO of Tesla told The New York Times, "this past year has been the most difficult and painful year of my career." In a revealing, hour-long interview Thursday, Musk choked up several times describing his struggles leading the electric-car company.
Janet Comenos, the CEO of celebrity marketing company, Spotted sat down with Cheddar anchors to discuss the rise in "disgrace insurance," the cost to protect brands from scandals surrounding celebrity endorsers -- something prompted by Harvey Weinstein and the #MeToo movement.
Citron Research's Andrew Left raised his price target on Twitter to $52 a share this week, more than 60 percent higher than where the stock closed Thursday. The long-time short seller, who earlier this year said the social media platform was more susceptible to regulation than its competition, is less concerned by privacy issues now and applauded CEO Jack Dorsey's efforts in video.
The SEC is reportedly moving forward with its investigation into Tesla and outspoken CEO Elon Musk. Laura Unger, former chair of the SEC, told Cheddar she suspects Musk hadn't truly secured funding to take the company private when he tweeted that he had. "I do think he's probably wishing right now that he's the CEO of a private company," she said.
The gaming headset maker Turtle Beach smashed revenue expectations in the second quarter, earning $60.8 million ー up from $19.1 million the year before. To build on growing sales in the console market, CEO Juergen Stark says Turtle Beach is introducing a new headset built for PC gamers.
Avis, the car-rental company, has a fleet of 100,000 connected vehicles and new partnerships with Airbnb, Lyft, and Waymo, the self-driving car company owned by Alphabet. It's part of a strategy to provide "mobility on demand for the global traveler," says Arthur Orduna, Avis's chief innovation officer.
In a converted Brooklyn warehouse, dozens of developers are the next internet of apps on the Ethereum network. Their work may be the foundation of all future transactions, says Joseph Lubin, the billionaire Ethereum co-founder behind the incubator Consensys. Cheddar went behind the scenes with Lubin to see how the future of the internet is being built on blockchain technology.
Teens whose families earn $30,000 or less a year are more likely to rely on Facebook for homework help than their wealthier peers, according to Pew Research Center study. This shows how students who may have less access to resources, "use Facebook to kind of get ahead," says Hanna Kozlowska, a reporter at Quartz.
